An increasing number of tax administrations are introducing digital VAT reporting requirements in an effort to reduce instances of VAT fraud and under-collection. So far, countries have implemented their own legislative obligations along with bespoke technological requirements. This is causing a significant challenge, both operationally and from a systems and technology perspective. Establishing a scalable solution to satisfy these obligations is now a critical task for organisations.
Source PwC
Latest Posts in "European Union"
- EU’s ViDA in Motion: How EU Member States Are Preparing for implementing Digital Reporting Requirements (DRR)
- Delayed EN 16931 Standard Leaves Businesses in Limbo – A Call for Urgent Action
- Preliminary questions to the ECJ in VAT case on the application of the transfer of a totality of assets
- Comments on GC Customs T-589/24: No partial exemption from import duties in outward processing according to AG General
- Comments on ECJ C-565/24: No travel agency scheme according to AG CJEU at Kaffeefahrten
